n AfricaGrowth Agenda - Oil management : Norway's example

Volume 2008, Issue 7
  • ISSN : 1811-5187


Norwegian children are taught at school that Norway was Europe's most impoverished country in 1905, when the Norwegians unilaterally dissolved their royal union with Sweden and declared full independence. This is not quite true, however, because Finland and Iceland at the time were poorer still than Norway. A hundred years later, however, the five Nordic countries had formed an economic cluster sharing a similar standard of life, with Norway leading the pack.

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